Thursday, January 23, 2020

The Sensex Outlook for the Day 23-01-2020


After correcting almost 2% in 3 days, the Sensex and Nifty are looking ripe for a small bounceback. Expect the same to happen in the later half of today or tomorrow.
It will be good to book some profits in your short positions and wait for next week for the next round of weakness.

Index Levels 
Date23-Jan-20
IndexSensexNifty
S2           41,059           12,090
S1           41,059           12,090
Previous Close      41,115.38      12,106.90
R1           41,185           12,127
R2           41,236           12,142
Fair Value           33,976           10,005
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